Bank Leumi will allow its users to trade Bitcoin and Ethereum through its digital arm Pepper Invest.
The banking giant is awaiting a regulatory nod following which it will offer its crypto services in partnership with U.S. blockchain firm Paxos.
Over the last year, traditional banking institutions have been closer to crypto than ever before. Citing competition from crypto-based exchanges, banking players have also started offering crypto trading services.
On Thursday, March 24, Israeli banking giant Bank Leumi becomes the first bank in the country to announce crypto trading services. The bank has partnered with the U.S. blockchain firm Paxos and will facilitate crypto trading through its digital arm Pepper Invest.
Leumi said that users of Pepper Invest will be able to buy, sell, and hold digital assets worth at least 50 shekels (or USD $16) per transaction. But currently, the service allows trading in only two digital assets – Bitcoin and Ethereum.
However, the regulator approval
